DRC News Feed
By Tomas Sarmiento and Elinor Comlay MEXICO CITY (Reuters) - Mexico's telecoms regulator said on Thursday it would take steps to boost competition in a market dominated by billionaire Carlos Slim's phone giant America Movil , exercising far-reaching new powers it was granted by the government last year. The Federal Telecommunications Institute (IFT) said it had determined who is dominant, or has an oversized market share, in the telecoms and broadcast sectors, even though legislation to implement the sweeping telecoms reform of 2013 is still pending. Created by the reform with the power to break up dominant players, the IFT did not name the companies in question but said it was it was in the process of notifying the firms concerned. America Movil has about 80 percent of Mexico's fixed-line business via its Telmex unit and some 70 percent of the mobile sector through its Telcel subsidiary.
By Aron Ranen and Brandon Lowrey TEMPLE CITY, California (Reuters) - A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press. Satoshi Nakamoto, a name known to legions of bitcoin traders, practitioners and boosters around the world, appeared to lose his anonymity on Thursday after Newsweek published a story that said he lived in Temple City, California, just east of Los Angeles. Newsweek included a photograph and described a short interview, in which Nakamoto said he was no longer associated with Bitcoin and that it had been turned over to other people.
A senior North Korean official, believed to be the No. 2 in the country after leader Kim Jong Un, has reappeared in official television footage, belying reports he had fallen victim to a fresh purge in the isolated nation. Choe Ryong Hae was pictured close to Kim in pictures taken in January and February, smiling but sporting a limp. Choe is the influential head of the political wing of North Korea's military and appears to have risen to become the second most powerful person in the country after the execution of Jang Song Thaek, Kim's uncle, last year. Speculation in recent weeks that Choe had also been purged triggered a wave of speculation that Kim was intent on shaking up North Korea's elite and that competing factions around the 31-year old leader were a destabilising force in the North.
(Reuters) - Detroit said in a court filing on Thursday it had reached an agreement with Barclays PLC for a $120 million loan that would allow it to invest in services and speed its path out of bankruptcy. The deal comes after the judge overseeing Detroit's historic bankruptcy case rejected a $350 million loan that would have raised $230 million for the city to end interest rate swaps. Those swaps were used to hedge interest rate risk on some Detroit pension debt. The city said earlier this week it had reached a new agreement with Merrill Lynch Capital Services and UBS AG to end the swaps for $85 million.
WASHINGTON (AP) — It was supposed be a weekend getaway to Florida for President Barack Obama and his wife and daughters, an escape from the frigid weather and lingering piles of snow around Washington. But Russia's intervention in Ukraine has put Obama's plans in doubt, making it possible the family could end up at the White House.
The New York Senator may have lost the vote to move prosecution of sexual assaults outside the military, but she’s still a champion in certain circles who will continue to maintain a watchful eye on reform.
WASHINGTON (AP) — Bowing to the Pentagon, the Senate agreed after impassioned debate Thursday to leave the authority to prosecute rapes and other serious crimes with military commanders in a struggle that highlighted the growing role of women in Congress.
OXON HILL, Md. (AP) — Republicans vying for the GOP presidential nomination in 2016 auditioned Thursday before some of the nation's most ardent conservative leaders, calling for the party to unite behind a clear agenda and draw contrasts with Democrats.
By Steve Holland and Jeff Mason WASHINGTON (Reuters) - President Barack Obama on Thursday ordered sanctions on people responsible for Moscow's military intervention in Ukraine's Crimea Peninsula, including travel bans and freezing of their U.S. assets, and said a referendum by the region to join Russia would violate international law. U.S. officials said a list of people targeted by the sanctions had not yet been drawn up but that Russian President Vladimir Putin was not going to be one of them. White House spokesman Jay Carney said he was not aware of a limit on the number of people listed. Obama spoke to Putin for an hour on Thursday and said the situation could be solved diplomatically in a way that addressed the interests of Russia, Ukraine and the international community, the White House said.
WASHINGTON (AP) — President Barack Obama ordered the West's first sanctions in response to Russia's military takeover of Crimea on Thursday, declaring his determination not to let the Kremlin carve up Ukraine. He asserted that a hastily scheduled referendum on Crimea seceding and becoming part of Russia would violate international law.
By William James LONDON (Reuters) - Scottish pensions would be put in danger if voters decide to split from Britain this year, a senior British minister will say on Friday in the government's latest attempt to persuade Scots to reject independence. Danny Alexander, second-in-command at the finance ministry, will say pensions held with Scottish firms would not be protected by British state guarantees in the event of independence and that a new Scottish-only backstop for savers would be costly and less secure. Alexander's warning comes little more than six months before a referendum on whether Scotland should sever its 307-year tie to the rest of Britain - something the British government is campaigning hard to discourage. An Ipsos-Mori poll this week showed 32 percent support for independence, 57 percent against and 11 percent undecided.